The data for TOMAS ONLINE DEVELOPMENT LIMITED shows a consistent trend of increasing the percentage of invoices paid within 30 days and decreasing the percentage of invoices paid later than 60 days over the past three periods.
The data for TOMAS ONLINE DEVELOPMENT LIMITED shows relatively low volatility, with small changes in the average time to pay and percentages of invoices paid within different time periods over the past three periods.
From the data, it can be seen that TOMAS ONLINE DEVELOPMENT LIMITED has consistently improved their payment practices over the past three periods. The average time to pay has decreased from the first period (Jan 2018-Jun 2018) to the third period (Jan 2019-Jun 2019) by 10.1%, indicating that the company is paying invoices more promptly. The percentage of invoices paid within 30 days has also increased from 55.3% in the first period to 68.7% in the third period, showing a 13.4% improvement. Additionally, the percentage of invoices paid later than 60 days has decreased from 24.6% in the first period to 13.8% in the third period, indicating a significant improvement in payment timeliness.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 |
Tomas Online Development Limited is a Northern Ireland registered company now trading under the name HUB Financial Solutions Limited. Its website describes its focus as helping customers understand the choices available for funding retirement, stating: "You now have more choice and flexibility about funding your retirement than ever before." This positions the business within financial services, specifically retirement and pension-related planning support, rather than software development despite its registered SIC code covering business support activities. No further detail on specific products, advice services or client base is given in the available evidence, but the retirement funding focus is clear from the company's own homepage description.
Generated from the company's website and Companies House records. Sources: tomasonline.co.uk